417.113 - Trust Fund for Estates of Persons for Whom Executive Director Acts as Guardian: Creation; deposits, interest and income; duties of Executive Director. - Nevada Statutes

417.113  Trust Fund for Estates of Persons for Whom Executive Director Acts as Guardian: Creation; deposits, interest and income; duties of Executive Director.

      1.  The Trust Fund for the Estates of Persons for Whom the Executive Director Acts as Guardian is hereby created. All money received by the Executive Director as guardian for those persons pursuant to NRS 417.110 must be deposited with the State Treasurer for credit to the Fund.

      2.  The interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the Fund.

      3.  The Executive Director shall:

      (a) Account separately for the money in the Fund which is attributable to the estate of each person for whom the Executive Director acts as guardian; and

      (b) Allocate the interest earned on the money in the Fund to each person for whom the Executive Director acts as guardian based on the percentage of the money in the Fund which is attributable to the estate of each of those persons.

      (Added to NRS by 1995, 223; A 1997, 2586)